Are We Living in the Roaring 20s?
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Are We Living in the Roaring 20s?
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Re: Are We Living in the Roaring 20s?
#2> Consumer sentiment doesn’t exactly line up with a roaring 20s mentality because people hate inflation and higher interest rates. But you have to watch what people do, not what they say.
> People are spending money on food, travel, clothes and technology.
Slaves don't have a choice but to spend their fiat money in a low interest rate world whose present condition of low interest rates exists only because this is the last exercise rep the government can push out before reality and nature come in to remove all the artificial economics implementations. In simple words, real capitalism has not yet been tried and a great reset away from stupidity and liberal-democratic welfare is coming.
Malthus wins in the end, no matter how much you try to delay the inevitable.
Re: Are We Living in the Roaring 20s?
#3[deleted]
Re: Are We Living in the Roaring 20s?
#4[dead]
Re: Are We Living in the Roaring 20s?
#5> Consumer sentiment doesn’t exactly line up with a roaring 20s mentality because people hate inflation and higher interest rates. But you have to watch what people do, not what they say. > People are spending money on food, travel, clothes and technology. Slaves don't have a choice but to spend their fiat money in a low interest rate world whose present condition of low interest rates exists only because this is the…
Malthus never factored ephemeralization into his calculations. We can produce more with less than ever before. Buckminister Fuller addresses this head on in his magnum opus "Critical Path"
Re: Are We Living in the Roaring 20s?
#6Whatever it is, it doesn't look good for young people. Good luck to them buying a house with these prices & interest rates, or trying to save for a downpayment while renting. The previous generation is hellbent on maximum extraction & I got mine mentality & rent-seeking.
Re: Are We Living in the Roaring 20s?
#7Whatever it is, it doesn't look good for young people. Good luck to them buying a house with these prices & interest rates, or trying to save for a downpayment while renting. The previous generation is hellbent on maximum extraction & I got mine mentality & rent-seeking.
The inevitable outcome seems to be the younger generation giving up altogether and then social security is going to dry up real fast.
Re: Are We Living in the Roaring 20s?
#8> Are We Living in the Roaring 20s?
Yes, the post Flu/Covid effect, insane asset prices, vacations, etc. all line up. Shiller PE is at 34, which is higher than in 1929. I am somewhat optimistic we can experience a softer landing than The Great Depression. The Fed hinting a lower rates might be an indication of them understanding the risks of a crash. The problem is due to the systemic nature of the system, a boom can turn into a bust rather quickly.
Re: Are We Living in the Roaring 20s?
#9Whatever it is, it doesn't look good for young people. Good luck to them buying a house with these prices & interest rates, or trying to save for a downpayment while renting. The previous generation is hellbent on maximum extraction & I got mine mentality & rent-seeking.
Not just young people, those who missed the boat are left behind as well which is a considerable part of the population.
Re: Are We Living in the Roaring 20s?
#10Whatever it is, it doesn't look good for young people. Good luck to them buying a house with these prices & interest rates, or trying to save for a downpayment while renting. The previous generation is hellbent on maximum extraction & I got mine mentality & rent-seeking.
> The previous generation is hellbent
Previous generation is what, Gen X? Millenials? Yeah gee they had it so easy. Stop with the "generation blaming" stuff and blaming voodoo on them. Blame the people you vote for and who they kowtow to, nothing will ever change with petty envy and sour grapes for your neighbor down the street, etc.